Distressed companies and assets often present appealing investment opportunities for strategic and financial buyers alike. However, the acquisition of a distressed company often raises a host of legal and business risks that are not typically found in the acquisition of a healthy, solvent company. These risks include, but are not limited to, unwitting acquisition of the target company’s business obligations, fraudulent transfer liability and potential successor liability. Some acquisition methods are designed to reduce legal liability, but they are typically more expensive and require the potential acquirer to assume execution risks. Therefore, potential purchasers must be aware of the legal and strategic advantages and disadvantages that are inherent in each method of acquiring distressed companies.
Wayne H. Davis and Michael J. Riela, who are partners in the Creditors’ Rights and Business Reorganization practice group at the law firm of Tannenbaum Helpern Syracuse & Hirschtritt LLP, will discuss the most prevalent ways of acquiring distressed companies and assets, and the advantages and disadvantages of each. Wayne and Michael will discuss business considerations, as well the relevant legal issues.
Identify the legal and strategic advantages and disadvantages of various methods of acquiring distressed companies
Good presentation and information.
Great presentation. Very useful.
Good review. More detail on UCC-610 would be appreciated.
Absorbing. Satisfying. Well-presented.
Very useful presentation.
Excellent program, and I practice in this field. One of the very best courses on Lawline.
Fine job. Thank you.